miamititle19sa
Joined: 19 Aug 2013
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 Posted: Mon Aug 19, 2013 10:59 am Post subject: miami title company |
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The Role Of A Real Estate Title Company When Buying A Home
Whether in Cape Coral, Florida or Chicago, Illinois; buying a home is one of the most important investments for many people. Searching through hundreds of homes on the market to find that perfect one for you and your family takes time and effort. Once that location is found, the next step is to purchase the home. There are several procedures to the buying process. Whether you are buying your first home or adding a winter property, research the real estate title company selected by the sellers. Using a trustworthy and reputable firm protects you from falling victim to fraud and other unforeseen circumstances.
What Does A Real Estate Title Company Do?
There are many different responsibilities that the real estate title company has during the transaction process. First, the firm puts together an abstract of the property. The abstract explains in detail the location and past owners of the property in Cape Coral or any other city. It also notifies the new buyer of any existing property taxes owed, liens or other known issues with the property. The business ensures that all the requirements of the purchasing process are met including a survey of the location and the completion of required state and federal paperwork. Once this part is complete, the business will issue insurance to protect the buyers and sellers from hidden risks, fraud and unforeseen claims.
The Closing Agent
If the real estate title company is also the closing agent, then they play an important role in the final procedures of buying a home. At closing they will go through the appropriate paperwork with the seller and buyer. As the closing agent, the real estate title company receives and distributes all payments to and from the appropriate parties. They also ensure that all documents are signed by both parties. Once the closing is complete, the firm files the paperwork with the courthouse presiding over Cape Coral or wherever the property is located. With this much responsibility, buyers and sellers want to select a reputable business that they can trust to complete the process quickly and accurately.
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